Chapter 7 Business Bankruptcy

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Many people are unaware that a New York business can file for Chapter 7 bankruptcy protection, also known as liquidation.


Chapter 7 bankruptcy is commonly associated with individual persons. For a business that is suffering under the weight of excessive debt and experiencing little cash flow, Chapter 7 can provide much needed relief.

Not all businesses last forever. In fact, most don’t. Your business may have been successful for a number of years, and now the market is just not there for your product or service (think typewriter repair, or encyclopedias, or pay telephones…). You tried to keep going, but the cash wasn’t coming in and the bills kept coming due. In filing Chapter 7, you’ll be able to close this business, get rid of your debt, and move on to a new, profitable business venture.

Contact our offices to get started today on the road to recovery.

Fill out the form below or call us at 646-326-9971 for a free in-office consultation.

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Bradley R. Bailyn, Esq. , Founder

Bailyn Law provides comprehensive legal and advisory services in the fields of bankruptcy and out-of-court debt workouts. We serve companies and individuals who wish to restructure their businesses or their finances to improve liquidity and increase profitability. We also advise creditors seeking to protect their legal rights and economic interests.

How can we help you?

Discover the advantages we bring you. No-cost initial consultation.

6301 Mill Lane Brooklyn, NY 11234

One Rockefeller Plaza, Tenth Floor New York, NY 10020

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The Bailyn Law Firm, P.C

 

6301 Mill Lane
Brooklyn, NY 11234

 

One Rockefeller Plaza, Tenth Floor
New York, NY 10020



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6301 Mill Lane Brooklyn, NY 11234

One Rockefeller Plaza, Tenth Floor New York, NY 10020

THE BAILYN LAW FIRM, P.C.